Siemens confirms new US wind deal
04 February 2014 02:00 GMT
US installed 1.08GW wind in 2013
30 January 2014 07:09 GMT
Nebraska utility, Sempra seal PPA
17 January 2014 08:21 GMT
Richard A. Kessler
Wednesday, February 05 2014
Updated: Wednesday, February 05 2014
NJRCEV, the unregulated distributed power subsidiary of New Jersey Resources, agreed to acquire the project from developer Own Energy, in which it has a 19% ownership stake.
The energy as well as the renewable attributes will be sold through a 25-year power purchase agreement with MidAmerican Energy, Iowa’s largest electric utility.
NJRCEV says the Carroll Area win farm will qualify for the federal renewable electricity production tax credit.
The company did not disclose the project’s turbine supplier.
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